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    Property profile & analytics

    438 Bodenhamer St Kernersville, NC 27284

    • Office Properties & Spaces
    • 33,200 SF
    • 9.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2171877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • XPO / Freight Service / Logistics Company

    Property Details for 438 Bodenhamer St

    Year built
    1991
    Construction
    BRICK
    Lot size
    9.78 lot acres
    Property size
    33,200 SF
    Zone code
    GI
    Property type
    Office Properties & Spaces
    APN
    6886-08-7487.00
    APU
    688608748700

    Description

    This exceptional 36,200 square foot industrial property, located at 438 W Bodenhamer St, Kernersville, NC 27284, presents a unique investment opportunity. Built in 1993 and renovated in 2000, this single-tenant truck terminal sits on a spacious 12.23-acre lot. The building boasts a single story design and features an impressive 108 loading docks, all equipped with dock-high doors, making it ideal for high-volume operations. Its strategic location between Greensboro and Winston-Salem offers unparalleled access to major transportation routes, ensuring efficient logistics and distribution. The property also includes a detached shop, providing additional space for maintenance or storage. This well-maintained facility is ready for immediate occupancy and represents a rare opportunity to acquire a substantial, high-capacity truck terminal in a thriving North Carolina market. The property's size and features make it suitable for a variety of logistics and distribution businesses seeking a strategic location with ample capacity. The 108 loading docks provide significant operational efficiency, while the detached shop adds versatility. This is a turnkey solution for businesses needing immediate access to a fully functional and well-located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,605,000
      6.5%
      $5,170,000
      7%
      $4,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,599,000
      Market price range: $2.79M - $5.97M
      AI Estimate
      $4,201,000
      Market price range: $2.46M - $7.56M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,295,000
      Current use
      MEDICAL BUILDING
      $6,200,000
      Change: +44% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,985,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $4,950,000
      Change: +15% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,450,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.081
    Latitude
    36.1315
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,975
    $708,600
    $2,161,200
    $2,869,800
    -
    $708,600
    $2,161,200
    $2,869,800

    Comparable in this City

    • Value Estimation
      $2,655,000
      14,130 SF

      851 Old Winston Rd

      OFFICE (GENERAL) • 14,130 SF
      851 Old Winston Rd, Kernersville, NC 27284-8780
      View Details
    • Value Estimation
      $4,525,000
      25,802 SF

      1398 Carrollton Xing Dr

      OFFICE (GENERAL) • 25,802 SF
      1398 Carrollton Xing Dr, Kernersville, NC 27284-3896
      View Details
    • Value Estimation by Request
      618 SF

      104 Dobson St

      OFFICE (GENERAL) • 618 SF
      104 Dobson St, Kernersville, NC 27284-2522
      View Details
    • Value Estimation by Request
      2,030 SF

      136 Mtn St

      OFFICE (GENERAL) • 2,030 SF
      136 Mtn St, Kernersville, NC 27284-2872
      View Details
    • Value Estimation
      $1,375,000
      7,320 SF

      408 Mtn St

      OFFICE (GENERAL) • 7,320 SF
      408 Mtn St, Kernersville, NC 27284-2945
      View Details
    • Value Estimation
      $830,000
      9,551 SF

      4635 High Pt Rd

      OFFICE (GENERAL) • 9,551 SF
      4635 High Pt Rd, Kernersville, NC 27284-9160
      View Details

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    Similar Nearby for Lease

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    438 Bodenhamer St
    Kernersville, NC 27284
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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